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Nortel Company had the following data ( in thousand dollars ) for a given period. Direct labor $270 Fixed selling and administrative expenses 150 Variable
Nortel Company had the following data (in thousand dollars) for a given period.
Direct labor
$270
Fixed selling and administrative expenses
150
Variable manufacturing overhead
200
Direct materials
450
Sales
1,500
Operating income
100
Contribution margin
500
Compute the following:(20 pts.)
(1)Manufacturing cost of goods sold
(2)Gross profit
(3)Variable selling and administrative expenses
(4)Fixed manufacturing overhead costs
(5)Break-even point in $ sales
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